Tracker: July 2018

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Activity, employment prospects and demand are all showing slower growth, with the cost of labour, materials shortages and financial constraints on the rise.

01 / State of play

The total activity index gained four points over May’s figure to stand at 58, the same as in April. But the R&M index remained flat at 51 points.

At the sector level, the non-residential activity index was the only one to increase, rising 10 points to 56. The residential index held up fairly well, but lost two points to also rest at 56. Civil engineering activity remained volatile, with June’s index hitting a four-month low of 38.

Orders and tender enquiries stayed strong, despite diverging again. The orders index dropped three points to return to its April figure of 67, while the tender enquiries index recovered by two points to 62, the same as in March.

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